← Butterfly Network, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue: | $27.6m | $46.3m | $62.6m | $73.4m | $65.9m | $82.1m | $97.6m | $112.1m | |
| Total cost of revenue | $48.5m |
$107.5m
+121.70%
|
$45.5m
-57.65%
|
$33.9m
-25.45%
|
$49.0m
+44.54%
|
$33.2m
-32.25%
|
$51.9m
+56.14%
|
— | |
| Gross profit | ($20.9m) |
($61.2m)
-193.00%
|
$17.1m
+127.86%
|
$39.5m
+131.38%
|
$16.9m
-57.28%
|
$48.8m
+189.70%
|
$45.7m
-6.34%
|
$59.0m
+29.09%
|
|
| Research and development | $48.9m | $49.7m | $74.5m | $89.1m | $55.6m | $37.8m | $36.3m | $38.1m | |
| Sales and marketing | $14.3m | $26.3m | $49.6m | $59.9m | $39.1m | $41.6m | $45.9m | — | |
| General and administrative | $18.2m | $24.4m | $85.7m | $83.5m | $49.6m | $39.8m | $39.2m | $54.7m | |
| Total operating expenses | $81.4m | $3.8m | $209.8m | $232.5m | $162.5m | $123.2m | $132.1m | $138.4m | |
| Loss from operations | ($102.3m) |
($3.8m)
+96.31%
|
($192.7m)
-5006.56%
|
($193.0m)
-0.15%
|
($145.6m)
+24.56%
|
($74.4m)
+48.90%
|
($86.4m)
-16.13%
|
— | |
| Interest expense | — | ($1.1m) | ($651k) | ($2k) | $0 | ($1.3m) | ($1.5m) | $1.3m | |
| Interest income | $2.7m | $356k | $2.6m | $3.4m | $7.5m | $5.0m | $5.9m | $5.0m | |
| Other income (expense), net | ($96k) | ($231k) | ($2.6m) | $98k | ($2k) | ($13k) | $2.8m | $933k | |
| Loss before provision for income taxes | ($99.7m) | ($3.4m) | ($32.3m) | ($168.7m) | ($133.6m) | ($72.5m) | ($77.0m) | — | |
| Provision (benefit) for income taxes | — | ($37k) | $121k | $42k | $82k | ($32k) | $110k | — | |
| Net loss and comprehensive loss | ($99.7m) | ($162.7m) | ($32.4m) | ($168.7m) | ($133.7m) | ($72.5m) | ($77.1m) | — | |
| Net loss per common share attributable to Class A and B common stockholders - basic (in dollars per share) | ($17) | ($27) | ($0) | ($1) | ($1) | ($0) | ($0) | — | |
| Net loss per common share attributable to Class A and B common stockholders - diluted (in dollars per share) | ($17) | ($27) | ($0) | ($1) | ($1) | ($0) | ($0) | — | |
| Weighted-average common shares used to compute net loss per share attributable to Class A and Class B common stockholders - basic (in shares) | ($17) | ($27) | ($0) | ($1) | ($1) | ($0) | ($0) | — | |
| Weighted-average common shares used to compute net loss per share attributable to Class A and Class B common stockholders - diluted (in shares) | ($17) | ($27) | ($0) | ($1) | ($1) | ($0) | ($0) | — | |
| Other | — | — | — | $7.3m | $18.2m | $4.1m | $10.8m | — | |
| Change in fair value of warrant liabilities | — | — | $161.1m | $20.9m | $4.5m | ($1.9m) | $2.3m | — |